The markets have been on a roll since the last 18 days. Nifty has managed to take out an important resistance level at around 17600 levels – thanks to the current rally. If the next immediate resistance at 18200 levels is cleared, we might as well witness a fresh All Time High in Nifty in the coming weeks. Well that is anyone’s guess and as players of momentum, our job will be to cash in on these trends till the time they last. All major indices gained around 1.4% to 2.6%. This week has particularly been phenomenal for all Banking indices with a much needed 5% to 6% gains after a sharp 18% to 20% correction between Mid November – December 2021. Most of the WeekendInvesting products had a pretty decent outing this week. Mi MT Allcap & Mi 25 lead the charge with 4% returns while the larger cap products remained neutral. The performance is tabulated below.
Read the entire report using the link given below.